EURJPY High Probability Trade Setup (Sell Plan)ICMARKETS:EURJPY
🔹 161.90 - 162.20 (Ideal Reversal Zone After Stop Hunt Above 162.00)
🔹 Stop Loss (SL): Above 162.60 (Protecting against liquidity grab)
🔹 Take Profit 1 (TP1): 160.50 (Demand Zone)
🔹 Take Profit 2 (TP2): 159.50 (Full Target, Swing Low Liquidity)
🔥 What’s Next?
Confirmation Needed: If price rejects 162.00-162.20 with a strong H4 bearish engulfing or wick rejection, execute the short.
Watch 161.50: If price starts holding above 161.50 after a pullback, this could indicate bullish continuation instead.
EURJPY TRADE EXECUTION PLAN – CLARITY
We are waiting for EITHER of the two conditions for short entry:
✅ BREAK & RETEST (Higher Confirmation)
1️⃣ Price breaks below 161.60-50 with a strong bearish candle.
2️⃣ Price retests 161.60-50 as resistance (previous support flips).
3️⃣ Rejection confirmation on lower timeframes (H1) → Enter short.
📌 Why?
This gives extra confirmation that sellers are in control.
Reduces the chance of false breakdowns or liquidity grabs.
